Commercial Real Estate Information One Data Point at a Time
Joined November 2021
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CommercialRECap retweeted
We had fun w/ this week's pod. Marginal (but good) blip in inflation data was met w/ a huge exhale of relief from a market desperate for a positive sign after Dec volatility. Lots of fun quips from Manus in this episode.
Tune in to the latest episode of the #CREWeeklyDigest —Market Exhales on Fresh Data
This week, the @LightBoxRE podcast team discusses market optimism and key retail trends for 2025. 🎧 Listen Now: hubs.la/Q0330sct0
#CommercialRealEstate #CRE
CommercialRECap retweeted
It's official:
The 10-year note yield is now up 100 basis points since the "Fed pivot" began in September.
In other words, while the Fed has CUT rates by 100 bps, rates in the market have RISEN by 100 bps.
Is this the biggest market to Fed disconnect in history?
(a thread)
CommercialRECap retweeted
@LightBoxRE CRE Activity Index for August ticked down to 89.9 compared to 92.4 in July... better than expected against a volatile market. @CommercialRecap @dpcrocker
CommercialRECap retweeted
@realEstateTrent Brutal assessment of the drug store retail space in today’s Barron’s. (Although not that surprising). So stripmallguy where do you come down on CVS and Walgreen’s. (Worse than a dry cleaner and/or Chic-fil-a) @barronsonline #cre
CommercialRECap retweeted
Weekend Interview: Lightbox's Manus Clancy On Why 'Survive Til '25' Is Too Pessimistic trib.al/kVMA55g
CommercialRECap retweeted
1. Risk builds wealth.
▫ Real estate
▫ Stock market
▫ Cryptocurrencies
Or:
▫ A new job
▫ Moving overseas
▫ Going back to school
To build wealth, put your money at risk.
To build character, put yourself at risk.
CommercialRECap retweeted
100 Retweets and @BobKnakal and I are doing a FREE Real Estate Twitter event in New York City!!
CommercialRECap retweeted
Trading Alert 🚨 According to #TreppWire, a $400M loan backed by a 600K-SF office in Midtown Manhattan was sent to special servicing and is facing imminent default.
The loan is split across 3 #CMBS deals.
Hear more on #TheTreppWirePodcast this week: hubs.li/Q01skvXv0
CommercialRECap retweeted
Upstate NY airport hotel sells for $92,000 per key - The 153-key Hampton Inn Albany-Wolf Road in Albany, NY was sold by Hospitality Investors Trust for $14.1 million. #cre #commercialrealestate bizjournals.com/albany/news/…
CommercialRECap retweeted
MA student housing prop goes for $127Kper bed - The 150-unit, 404-bed North 116 Flats apts sold for $51.5 mil. Prop near UMass-Amherst. Student housing segment of #cre defied early COVID-19 predictions & performed extremely well. #commercialrealestate
multihousingnews.com/landmar…
CommercialRECap retweeted
Sign of Manhattan, street-level RT life - Market for high-end, street-level RT in Manhattan was struggling pre-COVID then got hammered over last two years. Women’s Wear Daily now reports Swarovski will take 14K sf at 680 Fifth. #cre #commercialrealestate wwd.com/business-news/retail…
CommercialRECap retweeted
Last week we noted a brutal NYC hotel comp. Now @trdchicago has a painful Chicago comp. Sunstone sold Embassy Suites/Hilton Garden Inn for $129.5 mil. Two Props were once worth $206 mil (down 38%). The 729-keys go for $178K/room. #cre #commercialrealestate therealdeal.com/chicago/2022…
CommercialRECap retweeted
Fontana, CA retail center sells for $229 psf - The 310K sf Inland Empire Center has Burlington, RossDress, Planet Fitness & Cardenas Market as tenants. Sales price was $71 mil. @AnnleeE_ACBJ of @LABusinessFirst with story. #cre #commercialrealestate bizjournals.com/losangeles/n…
CommercialRECap retweeted
Awful #NYC hotel comp - The Real Deal says Sheraton New York Times Square sold for $356 mil to MCR - 52% below '06 value. New val is $200K per key down from $415K in '06. Seller was Host Hotels. @trdny @DonutShorts #cre #commercialrealestate @seemacnbc therealdeal.com/2022/03/08/t…
CommercialRECap retweeted
Owners/lenders: Take a hard look at single-tenant offices in tertiary markets w/ bank tenants: These often filled w/ back #office orig/servicing staff. Bloomberg reports #banks now laying off w/ rates up and originations down. Stay tuned. #cre @business bloomberg.com/news/articles/…
CommercialRECap retweeted
A 200 unit apartment community in Clearwater Beach called The Terraces sold for $32 million. Seller was Druid Partners & buyer was WF Clearwater. The 2 story complex consists of 2 bedroom townhomes. The Terraces is at 1121 Druid Road East. #cre #multifamilyrealestate #clearwater
CommercialRECap retweeted
Wow!! #CREchat
